tax-educating cryptoman 🌕🦇

I’m a licensed CPA in the US. If you need help navigating the tax implications of the $UST $LUNA and overall #crypto / #stock market crashes, comment here or DM me. No charge. I don’t have a large network here so please retweet if you think this is valuable to the community. 💛

@TheRealPlanC would a declining monthly CPI print <8% be a catalyst for some sort of relief rally / general narrative shift?

@CryptoKaleo bruh.

BNB / BTC looks like it wants to make an all time high later this summer. Pretty impressive strength in a down market.

@blockworks @dcanellis I think it’s a tad higher than that if you look at the top 4 stablecoins as of May 1st 😬

In May, the top 4 stablecoins by market cap have lost ~$7 billion from their collective supplies @dcanellis reports blockworks.co/top-stablecoin…

@cobie …do people know that they sound like bots when they type that shit?

Meanwhile

Pretty cool. The current top bid is ~4x their annual salary. Lots of attacking in the quote tweets, but v happy for @jmw327

That’s the whole draft as of now. Let me know if there’s any other key checklist items you guys would include!

7) Is there [growth of] demand for the asset? 8) Will general market volatility affect the assets attractiveness? 9) Have you objectively assessed arguments against the asset? 10) Have you created an exit/entry plan? 11) Is the asset a proxy of or leveraged play on another asset?

Creating a hopefully-concise pre-buy/sell checklist to keep on hand. Curious for feedback. Here’s the draft: Pre-Buy/Sell Investment Checklist: 1) Are you acting emotionally? 2) Are you buying into hype or selling into fear? If yes, do you have a clear reason for it? cont…

@holdtightyeah Yea I noticed that as well & personally I’m not a huge fan, b/c what about deposits from other wallets that you own? May be best to leave blank & go thru manually to ensure accuracy? Personally I track every transaction on a spreadsheet so maybe there’s something I’m missing here

@LunaKnightUST Terra was the better option. There is an option as you integrate data where it says "tag deposits as"...with 4 options of mining/rewards/loan interest/income...I've left blank. That correct? There is some discrepancy. I noticed bluna burn to luna wasn't right, at a -£5k?

@LunaKnightUST hey man. In koinly isit terra (luna) or terrastation that we add to implement all data. My thought is terrastation but wording says otherwise?

While many companies in tech & finance are freezing hiring or laying people off, tons of companies across the bitcoin and crypto industry are hiring like crazy. Hundreds of open roles. Work in-person or remote. Great pay. Great benefits. APPLY: pompcryptojobs.com

Contradiction between my desire for crypto to grow beyond finance and my realization that finance (incl payments+SoV) is still by far the most successful category of crypto apps, *especially* among third-world residents, human rights activists and vulnerable people generally.

Show this to anybody that tries to keep artists from joining the NFT space

@TheMoonMidas #3, #11 & #12, maybe #10

@bankmouse32 Your capital losses for the year will first offset any capital gains for the year. Any losses left will be deducted against your total income for the year up to $3,000. Any losses in excess of that $3,000 will carryover to future years, which will follow the same process

@LunaKnightUST Just to clarify, I can only deduct a capital loss of $3000 even if I lost $25,000?

I’m a licensed CPA in the US. If you need help navigating the tax implications of the $UST $LUNA and overall #crypto / #stock market crashes, comment here or DM me. No charge. I don’t have a large network here so please retweet if you think this is valuable to the community. 💛

$UST $LUNA Tax Implications 🧵. Comments & DMs open. Possible scenarios: 1) Holding $UST $LUNA & #terra tokens in underwater positions 2) Sold $UST for losses 3) Sold $LUNA / #terra tokens for losses 4) Liquidated on leveraged positions 5) Lost entire net worth via above

Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country.

I know it sounds scary but this is a good thing. Clarity via regulation only serves to draw more money into the crypto industry.

Ultimately it all depends when the FED pivots; Maybe in a few months, or perhaps next year Thats the real question now...

@100MMSatStack @terra_money @LFG_org @Remi_Tetot @fleece_cannon @nickplatias @madcapslaugh @ZeMariaMacedo @KanavKariya @stablekwon @TerraLUNADaily It’s setting the expectation that there are proposals that exist & are being evaluated. When things are announced, they’ll be announced via the official channels you’ve referenced. I don’t think there is much ambiguity in the distinction between these two things.

@LunaKnightUST @terra_money @LFG_org @Remi_Tetot @fleece_cannon @nickplatias @madcapslaugh @ZeMariaMacedo @KanavKariya @stablekwon @TerraLUNADaily Please understand that I am not faulting anyone. I’ve appreciated your tweets. Maybe the account that posted this is trying to set an expectation in people’s minds before anything is officially announced. Idk though.

I hope this proposal is being seriously evaluated & considered by @terra_money & @LFG_org. Putting small community members first will go a long way towards redeeming the network. Cc: @Remi_Tetot @fleece_cannon @nickplatias @madcapslaugh @ZeMariaMacedo @KanavKariya @stablekwon